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because germany has a very sound economy they have their export mall though they're doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with the exception of germany and scandinavia is not then we're going to have sort of he. movement inside western europe as well and this is going to happen within the next few years all right gentlemen because the model itself is unsustainable right gentlemen to jump in here we're going to go to a short break and after that short for a book continue our discussion on the west stay with our. mission. could you take three. three. three. three. three. three vote video for your media project a free card. gold fever. turns thousands into slaves. my father but also among brothers involved in the mines and since i started working in a mine i stated i look at it and feel multinationals. is a cash cow to be milked dry and if i think that in this country is gold medal logie as an environmental cost which is unacceptable to local business was labeled illegal and controlled by criminals in order to
because germany has a very sound economy they have their export mall though they're doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with the exception of germany and scandinavia is not then we're going to have sort of he. movement inside western europe as well and this is going to happen within the next few years all right gentlemen because the model itself is unsustainable right gentlemen to jump in here we're going to go to a...
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to immigrate to south america over here you know any in europe is more complicated you have parts of germany which have some of the best standard of living anywhere in the world you have northeastern italy for instance which has a tradition of small and two premierships you go to a small. construction area. making clothes in gucci style in florence or making food in bali and export all over the world but it is they've been doing that for a thousand years or so and then you compare it to rome maples in southern italy it's a total disgrace day themselves and say that they live in africa and in fact so this is the problem is the inequality inside the western capitalist system and this inequality is being reproduced by the chinese most of the time i am between those americas north and south europe and china whenever i travel inside china i see the same mistakes they are committing that the west has been committing for the past twenty years and it's basically to apply new liberalism to china alexander you clarkie disagree go ahead yeah of course i disagree the problem is not inequality in and of
to immigrate to south america over here you know any in europe is more complicated you have parts of germany which have some of the best standard of living anywhere in the world you have northeastern italy for instance which has a tradition of small and two premierships you go to a small. construction area. making clothes in gucci style in florence or making food in bali and export all over the world but it is they've been doing that for a thousand years or so and then you compare it to rome...
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that would say that it's germany that has to pull out of the year is this going on as we look towards twenty thirteen and that difficult task of trying to solve the eurozone and the european union's crippling financial problems. it's a story we're following along as well as want to get more background about it also with. that independent panel is concluded its investigation into september's deadly attack on the u.s. consulate in benghazi it claimed systematic failures at the state department will be behind the security breaches. by state hillary clinton. also online as well. if they do move to russia saying the country's president putin is sensing the russian. republic decided to renounce his citizenship and search for a better future. and creative. and full and public speaking. to. a few european bodybuilders against millions of weak immigrants. these may not seem so serious now. but this could be a real threat to. european extremists. divine power in action activate the shock was. i and we just need these we are under the control of those governing us somewhere at the service of a s
that would say that it's germany that has to pull out of the year is this going on as we look towards twenty thirteen and that difficult task of trying to solve the eurozone and the european union's crippling financial problems. it's a story we're following along as well as want to get more background about it also with. that independent panel is concluded its investigation into september's deadly attack on the u.s. consulate in benghazi it claimed systematic failures at the state department...
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Dec 29, 2012
12/12
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germany, france, northern europe, generally speaking. italy, spain, portugal, greece and ireland, hungry are in terrible shape. serious terrible shape. and because some folks don't pay attention to numbers, here's a chance for a statistic to help. students of mine, professors who came to the united states to study the universities where i taught. now professors at the university of acton, major universities increased. today their salaries as we speak are 40 percent less than what they were in may of 2010. try to imagine yourself in a job that you've kept in which the money you get every week is 40% less. police, fire, school teachers, social workers, you name it. .. governments in france and germany have been very frightened since they too are facing an economic crisis and they too are trying to solve it by making demands of their people to pay for something we come in to. they have chosen to use a very dangerous strategy particularly warm germany and the strategy goes like this. we the government are your friends, you the german working
germany, france, northern europe, generally speaking. italy, spain, portugal, greece and ireland, hungry are in terrible shape. serious terrible shape. and because some folks don't pay attention to numbers, here's a chance for a statistic to help. students of mine, professors who came to the united states to study the universities where i taught. now professors at the university of acton, major universities increased. today their salaries as we speak are 40 percent less than what they were in...
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february earlier than expected elsewhere the greek prime minister is trying to secure more support from germany's wealthy and conservative region of barbaria earlier credit has agreed to prop greece up with another forty four billion euro script attorney george felos believes real solutions though are still a long way off. so most cause me to stone walling says listen you soon. but unfortunately. and now and in that interview it didn't it isn't easy to go. comes from greece does that you're going to example even to be the only of the international monetary fund because according to the assets they know. but of course it's really easy for these mature to so such a policy to the german bacterias so we're going to tell you this simple are you serious as usual more of more cell phone for people with. access. for those making headlines this hour a taliban assaulting a police station in northwest pakistan left at least eight dead three attackers reportedly five rockets and grenades in a battle lasting over an hour to insurgents detonated suicide vests during the clash the local taliban say the attack w
february earlier than expected elsewhere the greek prime minister is trying to secure more support from germany's wealthy and conservative region of barbaria earlier credit has agreed to prop greece up with another forty four billion euro script attorney george felos believes real solutions though are still a long way off. so most cause me to stone walling says listen you soon. but unfortunately. and now and in that interview it didn't it isn't easy to go. comes from greece does that you're...
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that would say that it's germany that has to pull out of the year is this going on as we look towards twenty thirteen and that difficult task of trying to solve the eurozone and the european union's crippling financial problems. the stories we're talking about tonight said independent panel has concluded its investigation into september's deadly attack on the u.s. consulate in benghazi the claim systematic failure to take the problem of behind the security breaches findings backed by secretary of state hillary clinton so you want to read up more on that someone from us r.t. dot com also lives well french actor gerard depardieu could be moving to russia maybe saying be your country's president vladimir putin sent in a russian africa decided to renounce his citizenship in search of a better financial future. wealthy british style. that's what i'd like. market why not come to. find out what's really happening to the global economy with mike stronger or a no holds barred look at the global financial headlines tune into kaiser report on our. little beasts in which brightened. all about son
that would say that it's germany that has to pull out of the year is this going on as we look towards twenty thirteen and that difficult task of trying to solve the eurozone and the european union's crippling financial problems. the stories we're talking about tonight said independent panel has concluded its investigation into september's deadly attack on the u.s. consulate in benghazi the claim systematic failure to take the problem of behind the security breaches findings backed by secretary...
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people who were is that were originally supposed to be reconciled by the european you get it was between germany france britain the soviet union the united states and many other countries britain the united states and the soviet union never belong to the european community or to the european union and yet there has been peace in europe so whichever way you look at it this is a nonsensical judgment it's a. blatant historical sort of occasion and as your previous comment it's the fed it gives credit to the nobel prize itself so when you consider the protests and riots in the streets hundreds of arrests injuries it's not exactly a serene situation why has the nobel committee done this then. because they are like many institutions in hock to the sacred cows of political correctness they are themselves members of what i call a stingel european political class even though of course norway itself is not part of the e.u. which by the way only makes the award even more ironic and unless the people that people like to talk beyond. the general of the council of europe it was all so that they had a committe
people who were is that were originally supposed to be reconciled by the european you get it was between germany france britain the soviet union the united states and many other countries britain the united states and the soviet union never belong to the european community or to the european union and yet there has been peace in europe so whichever way you look at it this is a nonsensical judgment it's a. blatant historical sort of occasion and as your previous comment it's the fed it gives...
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propagating propaganda that's what it is germany so now u.b.s. has been fined they agreed to pay the fine and you mentioned and gerry warner in there says that there's no way to know the cost well we do know fannie mae and freddie mac. are the two government sponsored entities in the united states which are now fully owned by the u.s. taxpayer they underwrite something like ninety five percent of all mortgages now in the united states well when you take out all these contracts mortgages interest rate swaps they're tie toward the libel rate in an internal auditor at fannie mae and freddie mac. has determined that libel or rigging cost them three billion dollars and therefore the us taxpayer they defrauded the government and remember we talked about one thousand and one that notion that if you lie to any federal authority in america you get thrown into prison and a federal prison for a few decades so. involved in a lot of our scandal they ended up engaging billions of dollars of the fraud which were added on top of the bill that were given to taxpa
propagating propaganda that's what it is germany so now u.b.s. has been fined they agreed to pay the fine and you mentioned and gerry warner in there says that there's no way to know the cost well we do know fannie mae and freddie mac. are the two government sponsored entities in the united states which are now fully owned by the u.s. taxpayer they underwrite something like ninety five percent of all mortgages now in the united states well when you take out all these contracts mortgages...
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Dec 3, 2012
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, where the school is all year and germany towns out a lot of pretty neat engineers and, of course, much of asia turns out a lost great technology types and the rest, so they are getting bang for the education buck. your fear is it would not be copied here? >>guest: no. the trouble is, you have other countries. in finland, they focus on only putting the proper people to have the highest success in the classroom or potential for success in the classroom in education schools. so they don't just let anyone in a school education. >>neil: they look at promising students. you could be a late bloomer and get passed up. >>guest: that is possible. but, instead, what they are doing is scrutinizing people prior to getting into the system. what we do in america, unfortunately, according to international studies, we have students who are graduating to become teachers are in the bottom third of their graduating class. so we are putting people in choose rooms that are not equipped with skills. they do not have the ability to handle a classroom. so what we need to focus on is quality rather than quantit
, where the school is all year and germany towns out a lot of pretty neat engineers and, of course, much of asia turns out a lost great technology types and the rest, so they are getting bang for the education buck. your fear is it would not be copied here? >>guest: no. the trouble is, you have other countries. in finland, they focus on only putting the proper people to have the highest success in the classroom or potential for success in the classroom in education schools. so they don't...
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Dec 24, 2012
12/12
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you know, obviously core europe like germany will grow with the global economy here. but at the moment, because of the issues in japan and all the issues in the u.s., europe and particularly euro is the one to send out is the strong demand. this is something that european policies and that european companies will need to work with. >> next year, although the eurozone economy is stag nating, we do expect a recovery in the global economy to which europe corporate sector is very well levered. it's that recover in the global back drop which allows margins to rise a little bit in eurozone, gives some type line growth and overall profit growth we think of around 9%. >> standing out in 2013, the biggest uncertainty right now has to do with around the housing market in the united states. some people are increasing their belief that you're going to see growth in the housing market from, you know, previous estimates are like 1.5% to % or even 4%. that is the unknown. because as everybody knows, housing has so many secondary and tertiary effects, domino effects, positive effects
you know, obviously core europe like germany will grow with the global economy here. but at the moment, because of the issues in japan and all the issues in the u.s., europe and particularly euro is the one to send out is the strong demand. this is something that european policies and that european companies will need to work with. >> next year, although the eurozone economy is stag nating, we do expect a recovery in the global economy to which europe corporate sector is very well...
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Dec 11, 2012
12/12
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for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so it's not a disaster. but germany trades an awful lot with europe as well as china. so it needs china to pick up in terms of its heavy engineering export performance, creating jobs in the manufacturing sector. but germany and the uk need europe to improve. >> it comes at an inkrd eblly high cost in terms of the number of people out of work. what has been done? how much have we destroyed so that the jobs outlook and growth prospect in this country? >> well, what growth prospect in the southern european countries? we're seeing definitive bifurcation of northern europe and southern europe. southern europe, we are creating an underclass
for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so it's not a disaster. but germany trades an awful lot with europe as well as...
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Dec 20, 2012
12/12
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the index takes the pulse of 7000 companies across germany. for more now, we had to the franc fort -- frankfurt stock exchange. positive news on the german economy. has that brought some cheer on the floor there? >> this is indeed a very nice christmas present and a strong signal that the german economy will recover again after its winter sleep, but the dax did not make a huge step forward. the stronger than expected ifo index may prevent european central banks from lowering interest rates again. >> we have had developments also in a libor scandal that broke earlier this summer. tell us about that. >> yes, the news is very bad. ubs has to pay the record fine of 1.2 billion euros in this libor scandal and its manipulation of interest rates. some british banks also have to pay millions of euros, and also deutsche bank is involved, and it is also in focus because exactly one week ago, hundreds of policemen into a bank in search of proof of tax fraud. hsbc has to pay $2 billion in a money-laundering case. the financial industry is working very har
the index takes the pulse of 7000 companies across germany. for more now, we had to the franc fort -- frankfurt stock exchange. positive news on the german economy. has that brought some cheer on the floor there? >> this is indeed a very nice christmas present and a strong signal that the german economy will recover again after its winter sleep, but the dax did not make a huge step forward. the stronger than expected ifo index may prevent european central banks from lowering interest...
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among political class it's best to stand up to germany you have to stand up to the c.p.a. to say look unless we get this this rescue done on our terms of even leave the eurozone and then you know you take the losses i would assume that joni what not like bonds and germany would really be scattered for anyone who leaving the euro zone because there are risks involved and and the german political leadership is very risk averse at the moment so so so i think they will probably have the greeks the spaniards the police probably would have a much stronger hand and then they think. you know if they stood up to germany. so if greece stood its ground. the banks. greece. and. what constitutes one to go down say in the show delta they know. this is the truth six. months or is that so much seven and there's a huge decision by the french toast divided against itself the sunni shia conflict rages across the arab middle east and beyond is this sectarian division being used . he is under siege for. destruction without mercy. what could have been just ruins. saved by a great sacrifice. and
among political class it's best to stand up to germany you have to stand up to the c.p.a. to say look unless we get this this rescue done on our terms of even leave the eurozone and then you know you take the losses i would assume that joni what not like bonds and germany would really be scattered for anyone who leaving the euro zone because there are risks involved and and the german political leadership is very risk averse at the moment so so so i think they will probably have the greeks the...
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you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go on to the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate the teenagers the clubs the russian premier league the russian football union they need to get special players involved because teenagers will look up to these players and try and get. campaigns going in respect of a two thousand and eighteen world cup i think this is a massive opportunity for russia to try and tackle the point of racism because we're going to have a lot of people coming into the country ok ok we have to leave it there thanks for that. let's hope everything will be ok thanks very much as if i'm perfect while on the way our regular financial check up in washington with more on this. motion would be soon which brightened if you knew no bounds phone from finest impressions. new friends down totty dot com. wealthy british style. restaurant. markets wh
you get this in italy you get this in germany you just can't change them for education for whatever they will say the same the problem is you have a few thousand teenagers who go on to the matches and they don't know what they're doing so they copy what these. races fans are doing and what the club needs to do is try to educate the teenagers the clubs the russian premier league the russian football union they need to get special players involved because teenagers will look up to these players...
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Dec 5, 2012
12/12
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KCSMMHZ
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angela merkel is meeting here in berlin tomorrow with the chief ministers of germany, -- germany's 16 federal states to discuss, amongst other things, this precise issue. i can say that angela merkel -- it is a well-known fact -- she is cautious and cagey about this push for a ban. they remember how a bid to get a previous -- a previous bid to get the party banned in 2003 failed. a repeat of that is precisely the thing that people want to avoid. >> the npd is not a major force in german politics. why the push to ban them now? >> because of the terrible revelations we have had about far-right wing terrorists operating out of eastern germany. you mentioned they killed 10 people, including nine members of the immigrant community. racial hatred was certainly their motive. there are revelations or allegations of links to the npd in the person of a former npd spokesman in tan eastern german state. he will be facing charges of aiding and abetting the murder spree, those nine killings. the link between the political party in a terrorist cell was a signal -- the political party and the terrori
angela merkel is meeting here in berlin tomorrow with the chief ministers of germany, -- germany's 16 federal states to discuss, amongst other things, this precise issue. i can say that angela merkel -- it is a well-known fact -- she is cautious and cagey about this push for a ban. they remember how a bid to get a previous -- a previous bid to get the party banned in 2003 failed. a repeat of that is precisely the thing that people want to avoid. >> the npd is not a major force in german...
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Dec 3, 2012
12/12
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he has been studying medicine in germany for five years and is now doing his residency. he is having trouble concentrating on his professional career. his family can no longer support him financially. that means he spends long hours at the hospital perform ultrasound, x-rays, and supervising therapy. he also has a part-time job on the side. it is an exhausting routine that leaves little time for anything else. >> when i finally get home, i just want to lay down and do nothing. but that is also difficult. i watched the news -- i watch the news. i try to contact my parents to make sure they are still alive. >> hthis group is well aware of the concerns. they look after foreign students at the university. >> the major problem is financing their living expenses, but there is also the psychological burden that often hinders their studies. >> the german academic exchange service involves -- seeks to provide aid with support from the foreign ministry, but their budget of 1.5 million euros is almost used up. the program expires in february. >> the interior and foreign ministries
he has been studying medicine in germany for five years and is now doing his residency. he is having trouble concentrating on his professional career. his family can no longer support him financially. that means he spends long hours at the hospital perform ultrasound, x-rays, and supervising therapy. he also has a part-time job on the side. it is an exhausting routine that leaves little time for anything else. >> when i finally get home, i just want to lay down and do nothing. but that is...
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Dec 31, 2012
12/12
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LINKTV
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. >> germany's economic performance has been strong, but its future is intricately tied to the future of the euro zone. that will create significant dangers for the chancellor, angela merkel. nick spicer reports from berlin. >> let us gaze and peer as best we can into the crystal ball of angela merkel's year ahead. as the euro crisis swarlede -- about her, she emerged as perhaps the world's most powerful woman and certainly germany's most popular politician. but 2013 could well be a year of living dangerously for her. they rallied the troops in september. >> we've kept our promise. through our leadership, germany has emerged stronger from the euro crisis than when it entered it. >> merkel repeated, mantra-like, her tough stance on bailouts and the need for belt tightening. but the problem is that even coming in fishs in the elections won't be enough. >> she has a very unstable combination, and in the german political system it's impossible to just dominate everything with one party so she needs a coalition partner and her current one which she would consider to be her favorite coaliti
. >> germany's economic performance has been strong, but its future is intricately tied to the future of the euro zone. that will create significant dangers for the chancellor, angela merkel. nick spicer reports from berlin. >> let us gaze and peer as best we can into the crystal ball of angela merkel's year ahead. as the euro crisis swarlede -- about her, she emerged as perhaps the world's most powerful woman and certainly germany's most popular politician. but 2013 could well be a...
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Dec 30, 2012
12/12
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philip fought with the british army against nazi germany. he took part in the allied invasion of normandy, a bloody battle that claimed thousands of lives. then he, you know, left ireland to go fight in the war because he just got married. he wanted to make a difference. he still had a wife and seven children. grandchildren as he got older. just what you would want to be as a man, i suppose. >> he wants justice for his grandfather, but time is running out. philip is over 90 years old. he never shows off his medals for bravery. even today, nearly 70 years later, he is afraid of the irish authorities. he deserted the irish army to fight for the british, and he was sent to prison when he returned. the trauma has remained with him. this is the first time his family has let anyone film him. strangers and even more so a video camera make him nervous. >> he is still nervous at this ste. i would want to see an apology, maybe, a thank you, a pardon for the paranoia he has gone through, the suffering wondering if a knock on the door means you get puni
philip fought with the british army against nazi germany. he took part in the allied invasion of normandy, a bloody battle that claimed thousands of lives. then he, you know, left ireland to go fight in the war because he just got married. he wanted to make a difference. he still had a wife and seven children. grandchildren as he got older. just what you would want to be as a man, i suppose. >> he wants justice for his grandfather, but time is running out. philip is over 90 years old. he...
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Dec 7, 2012
12/12
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doing great in germany. let's not forget that. and i have to say, i think the bundesbank is overegging it a bit here on the negative side as is the ecb. very dramatic swing round in those gdp projections. >> the surveys have been very dramatic. surveys are pretty grim. >> one of my favorite charts at the moment compares germ man industrial production with the german purchasing managers. purchasing managers sags and disappears and production has a very brief dip and then recovers quite nicely. i think people get all the bad media and they kind of think the form a bit biased. >> a production numbers for you are much more important. >> production numbers are giving you a much clearer story for sure. >> so bear in mind, it doesn't really matter whether you get a santa rally because if you were engaged from the beginning of the year, you would take the gains that we've had. >> obviously you've done very, very nicely. we're certainly weighted toward the dax it's clear. >> so what happens to earnings? i'm interested, you know, to earning
doing great in germany. let's not forget that. and i have to say, i think the bundesbank is overegging it a bit here on the negative side as is the ecb. very dramatic swing round in those gdp projections. >> the surveys have been very dramatic. surveys are pretty grim. >> one of my favorite charts at the moment compares germ man industrial production with the german purchasing managers. purchasing managers sags and disappears and production has a very brief dip and then recovers...
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Dec 1, 2012
12/12
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KCSM
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germany will bear 730 million of that in the coming year. the opposition accuses the government of misleading the public about the true cost of helping greece. they say it will be necessary to restructure the debt. >> everyone knows that greece is bankrupt and that it cannot service such huge debt, and everyone knows that nothing will change in the long term and that the situation will only get worse with every year and every austerity package, and that is why the debt will have to be written off eventually, and that is going to be very expensive for germany. >> the opposition says a debt write off will have to happen, and say the finance minister is not coming clean about the cost to taxpayers. >> in washington, budgets have stalled again just months before what has become known as the infamous fiscal cliff. president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of ta
germany will bear 730 million of that in the coming year. the opposition accuses the government of misleading the public about the true cost of helping greece. they say it will be necessary to restructure the debt. >> everyone knows that greece is bankrupt and that it cannot service such huge debt, and everyone knows that nothing will change in the long term and that the situation will only get worse with every year and every austerity package, and that is why the debt will have to be...
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Dec 18, 2012
12/12
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KCSMMHZ
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he worked in germany for 40 years and then retired. he is being looked after by a turkish-speaking caregiver. >> it is special to be able to combine the german and turkish cultures, especially because of the language issue. that is what i like the most. >> after the home visit, time for a quick meeting with the manager, himself a son of immigrant workers. >> my main goal was to help improve the final years of first-generation migrants to germany, to give them better quality of life through professional care in their mother tongue. >> business is booming. waiting lists for multilingual care services are growing. >> all right, well, we have to take a quick break, but we will have a lot more news in just about 1 minutes time. >> stay with us. >> it is the dream of many but realized by few -- north koreans who want to escape the oppressive regime face a dangerous path. even if they manage to defect, it can take years to get to the south. >> once there, they face even more challenges. we look at some north korean defectors who made it to th
he worked in germany for 40 years and then retired. he is being looked after by a turkish-speaking caregiver. >> it is special to be able to combine the german and turkish cultures, especially because of the language issue. that is what i like the most. >> after the home visit, time for a quick meeting with the manager, himself a son of immigrant workers. >> my main goal was to help improve the final years of first-generation migrants to germany, to give them better quality of...
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among political classes to stand up to germany you have to stand up to the c.p.a. to say look unless we get this this rescue done on our terms of even leave the eurozone and then you know if you take the losses i would assume that germany what not like the us and germany would really be scattered anyone who leaving the euro zone because there are risks involved and and the german political leadership is very risk averse at the moment so so so i think they would probably have the greeks the spaniards the portuguese proby would have a much stronger hand then they think and you know if they stood up to the job. so if greece stood its ground. the banks. greece. and merkel was tough to choose one to go down say in a showdown they know. this is the truth. it's perched atop a jaw drop and the view from that the ball scrubland stretches this fall as the eye can see up for a city that chilled all of siberia for centuries. it lost its economic importance even before it was bypassed by the chance siberian railway but the a spiritual center. things like these are a yearly occu
among political classes to stand up to germany you have to stand up to the c.p.a. to say look unless we get this this rescue done on our terms of even leave the eurozone and then you know if you take the losses i would assume that germany what not like the us and germany would really be scattered anyone who leaving the euro zone because there are risks involved and and the german political leadership is very risk averse at the moment so so so i think they would probably have the greeks the...
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Dec 29, 2012
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. >> afghan war victims have filed a class action suit against germany in a court in the western city of bonn. >> those claims are related to an air strike ordered by a german officer in northern afghanistan in 2009, which killed 90 civilians. germany had given some compensation to the victims' families without admitting responsibility. >> lawyers representing survivors of the air strike are demanding higher compensation -- more than 3 million euros in total. they complain the settlements arrived at immediately following the attack were too small. as far as the german government is concerned, the case is closed. >> 5000 u.s. dollars was paid in over 90 instances. this money was transferred to an account in afghanistan. the account was specifically designed to compensate these families. >> on september 4, 2009, a u.s. f-15 fighter jets bombed two fuel tankers, killing more than 90 civilians. a german officer called in the air strike based on faulty intelligence. the political repercussions were extensive. the german defense minister at the time was forced to step down for his handling
. >> afghan war victims have filed a class action suit against germany in a court in the western city of bonn. >> those claims are related to an air strike ordered by a german officer in northern afghanistan in 2009, which killed 90 civilians. germany had given some compensation to the victims' families without admitting responsibility. >> lawyers representing survivors of the air strike are demanding higher compensation -- more than 3 million euros in total. they complain the...
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and mung political class it's best to stand up to germany you have to stand up to the c.p.a. to say look unless we get this this rescue done on our times even leave the eurozone and then you know if you take the losses i would assume that germany what not like the us and germany would really be scattered anyone who leaving the euro zone because there are risks involved and and the german political leadership is very risk averse at the moment so so so i think they would probably have the greeks the spaniards the portuguese probably would have a much stronger hand and then they think. you know if they stood up the job. so if greece stood its ground. the banks. which have to choose one to go down say in a showdown they know. this is the truth sicko. live please please. liz. olympos. live. leak. the speed. limit. will. leak things like a missile good luck. play lists. and a. lot of a little. lift. he and some to see explain destruction without noticing. what could've been just ruins lives saved by a great sacrifice. and. understood by human jets it's. a remarkable reminder of cou
and mung political class it's best to stand up to germany you have to stand up to the c.p.a. to say look unless we get this this rescue done on our times even leave the eurozone and then you know if you take the losses i would assume that germany what not like the us and germany would really be scattered anyone who leaving the euro zone because there are risks involved and and the german political leadership is very risk averse at the moment so so so i think they would probably have the greeks...
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Dec 1, 2012
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we might not be in worse shape than greece but when you take germany and everybody else and put them in one community we are in worse shape than they are and we get the benefit of the doubt. we are the safe haven and people think that everything is okay because they know that we aren't going to defend because you can print money. when they realize printing is worse than defaulting because the potential for the loss is even greater then we are going to see a big spike in the interest rates and that is when we have our crisis because either the fed allows the rates to go up, and who knows how high they might have to go. let's say 10 percent in order to stop the implosion of the dollar and put an end to inflation. if we have a $20 trillion national debt when that happens that would require us to shell out $2 trillion a year of interest payments. where are we going to get that? that all of the tax. >> you mentioned the creditors. who are the creditors? especially for the united states right now. >> some are other americans who own treasury and large insurance companies and banks in ameri
we might not be in worse shape than greece but when you take germany and everybody else and put them in one community we are in worse shape than they are and we get the benefit of the doubt. we are the safe haven and people think that everything is okay because they know that we aren't going to defend because you can print money. when they realize printing is worse than defaulting because the potential for the loss is even greater then we are going to see a big spike in the interest rates and...
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and welfare cuts head christine legarde said to recover from the economic crisis europe needs germany as a counterbalance piece all of the reports on whether berlin is afraid it will follow the regional trend. top of the european tree i don't think germans feel that they have nothing to grumble about. there in the park there measuring public mood by telephone and face to face through thousands of interview. we've got a pretty good idea of what the people are thinking stats boffins have been gauging the country's mood to come up with the biggest moans of the year from your average german at number five it's national debt it's better to give than to receive at this time of year but germans festive spirit ran out long ago over chancellor merkel being a little too generous and bailing out countries like greece especially when it's their money at four is climate change the mayan world ending prophecy may have turned out to be hocus pocus but germans remain seriously concerned about keeping mother earth ticking over for as long as possible number three is a very twenty first century problem
and welfare cuts head christine legarde said to recover from the economic crisis europe needs germany as a counterbalance piece all of the reports on whether berlin is afraid it will follow the regional trend. top of the european tree i don't think germans feel that they have nothing to grumble about. there in the park there measuring public mood by telephone and face to face through thousands of interview. we've got a pretty good idea of what the people are thinking stats boffins have been...
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Dec 19, 2012
12/12
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in germany what you see is a reaction from the euro. we've been trading actually fairly strong all morning. 1.30 to 2.47. it was 1.32 42 before the numbers hit the wires. we have quite a bit of support for the euro because of the s.a.p. upgrade on greece and the situation over there. we'll see also the way the market is reacting. let's have a quick look at what the dax is doing. it's been perky, up 0.15%. trading toward the 7,665 level. >> patricia, this comes at a time when people have been focusing on the strength of the euro. as we're over the 1.32 level you mentioned, certainly member countries would like to see a weaker currency. but as long as the surveys hold consistent with strength in the german economy, we're not likely to see that weakening. >> no. absolutely. and the more we get over the entire question will the euro break up or not, as long as that happens we will have some more support in the euro which is not bad if you think about the quantitative easing we've seen in the eurozone and also inflation. that could be the co
in germany what you see is a reaction from the euro. we've been trading actually fairly strong all morning. 1.30 to 2.47. it was 1.32 42 before the numbers hit the wires. we have quite a bit of support for the euro because of the s.a.p. upgrade on greece and the situation over there. we'll see also the way the market is reacting. let's have a quick look at what the dax is doing. it's been perky, up 0.15%. trading toward the 7,665 level. >> patricia, this comes at a time when people have...
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Dec 28, 2012
12/12
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if you take germany, why did they change their minds? obviously, there were safety concerns, but more importantly, it was to do with the ballot box. there was quite a lot of opposition from the public in germany, people out on the streets protesting against nuclear. at the end of the day, the politicians decided to take what i consider to be a political path rather than an economic one. >> i don't think we would describe it as positively rosy just yet. we're saying that the storm clouds are lifting. but as you're hinting, there are still some big question marks about economic growth in 2013, particularly in the euro area where we're not expecting very much more than a flat economy at best. gdp growth is only a small part of the story. a lot depends on what's priced in to begin with. how the news flow compares with those expectations. underlying levels of valuations flow into funds. we think that looking at things in the round, even though there isn't much growth in europe, we're expecting european stock markets to do quite well again. >>
if you take germany, why did they change their minds? obviously, there were safety concerns, but more importantly, it was to do with the ballot box. there was quite a lot of opposition from the public in germany, people out on the streets protesting against nuclear. at the end of the day, the politicians decided to take what i consider to be a political path rather than an economic one. >> i don't think we would describe it as positively rosy just yet. we're saying that the storm clouds...
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Dec 22, 2012
12/12
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. >> it is germany's third biggest power company. most of the job losses will be among support and administrative staff. the company has struggled financially from having to shut down to below of its nuclear reactors over safety fears in the wake of the fukushima disaster. >> ratings agency standard and poor's has downgraded cypress again. its sovereign debt already has junk status. now it has gone down two more notches. >> cypress says it needs a decision on an international bailout within days to avoid a default. international monetary fund says talks are unlikely to be concluded this year. it needs the bailout to save its banks, which are heavily exposed to greet debt. well, germans are losing their appetite for spending money. consumer confidence has fallen for the second month in a row according to market research group gfk. >> they polled 2000 german shoppers and on the 0 digit overall economic picture, their own financial outlook, and plans to shell out cash for big-ticket items this christmas. they concluded that growing pess
. >> it is germany's third biggest power company. most of the job losses will be among support and administrative staff. the company has struggled financially from having to shut down to below of its nuclear reactors over safety fears in the wake of the fukushima disaster. >> ratings agency standard and poor's has downgraded cypress again. its sovereign debt already has junk status. now it has gone down two more notches. >> cypress says it needs a decision on an international...
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the majority of german people are not in favor of germany building like greece so we get politicians constantly overruling the people of arizona if you take for example scotland as a specific example i would suggest there that the people of scotland culturally totally separate from the people of england not only of the political level but the savings are made in westminster which are not accepted by the people of scotland and i think one has to acknowledge that not only within britain. including scotland northern ireland wales but particularly in europe itself if you take for example the baltic states three small countries that have a smaller population in total in ireland and yet the european union theater there are total separation from the soviet union and supported them but i think that there's a degree of hypoxia say it off in my opinion simply is dictated by the strategic interest all of the either the european major parcels germany britain or the united states so i think we have to look at the reality of the situation it's not the actual world we're living in a pure democracy
the majority of german people are not in favor of germany building like greece so we get politicians constantly overruling the people of arizona if you take for example scotland as a specific example i would suggest there that the people of scotland culturally totally separate from the people of england not only of the political level but the savings are made in westminster which are not accepted by the people of scotland and i think one has to acknowledge that not only within britain....
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Dec 27, 2012
12/12
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missouri and washington state are as different as germany and greece. what is it that keeps the united states together? you had a great depression here in the 1930's. things were awful. and yet, i do not believe there were any political movements to get rid of the deficit states from the united states, like there are in europe and portugal and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of surplus and deficit recycling around the land. let me give you a simple example. we are in seattle. boeing is sponsoring the lectures. when boeing goes to washington to give a contract for the next generation jet or whatever, they may get it. they do get it. but there are some things attached. like for instance, we want a factory that builds the wings are the engines in tennessee or missouri or arizona. in the deficit regions. this is not philanthropy. this is an act of recycling surplus so the surpluses of the surplus state can continue to be created, produced. you m
missouri and washington state are as different as germany and greece. what is it that keeps the united states together? you had a great depression here in the 1930's. things were awful. and yet, i do not believe there were any political movements to get rid of the deficit states from the united states, like there are in europe and portugal and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of...
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among political class it's best to stand up to germany you have to stand up to the c.p.a. to say look unless we get this this rescue done on our terms of even leave the eurozone and then you know if you take the losses i would assume that germany what not like the us and germany would really be scattered anyone who leaving the euro zone because there are risks involved and and the german political leadership is very risk averse at the moment so so so i think they will probably have the greeks the spaniards the police probably would have a much stronger hand and then they think. you know if they stood up to japanese. so if greece stood its ground. the banks. greece. and merkel was tough to choose one to go down say in a showed they know. this is the truth. little. girls are. there on. the street. you. we're. going. to come out of it in a. moment but i'm a little. you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you
among political class it's best to stand up to germany you have to stand up to the c.p.a. to say look unless we get this this rescue done on our terms of even leave the eurozone and then you know if you take the losses i would assume that germany what not like the us and germany would really be scattered anyone who leaving the euro zone because there are risks involved and and the german political leadership is very risk averse at the moment so so so i think they will probably have the greeks...
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Dec 13, 2012
12/12
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germany insisted that smaller banks, which make up a large part of its banking system, be overseen by national authorities, and it got its way. >> it is important to have a clear division between banking supervision and monetary policy. >> the supervisor will begin work in march, 2014, and be responsible for banks holding more than 30 billion euros in assets. the deal should ensure european taxpayers no longer have to foot the bill when financial institutions find themselves in trouble. >> i'm very satisfied. contrary to expectations, the 27 finance ministers have managed to save the european council. >> as for the question of who will succeed john graja and kurt as head of the eurozone, that is something members -- jean-claude junkecker as head of the eurozo, that is something members still have to decide. >> is this decision basically admitting that national governments are no longer able to keep their countries' banks in line? >> no. first of all, it is admitting that if you have a common currency, then you actually need to have common supervision in place as well. you have to unde
germany insisted that smaller banks, which make up a large part of its banking system, be overseen by national authorities, and it got its way. >> it is important to have a clear division between banking supervision and monetary policy. >> the supervisor will begin work in march, 2014, and be responsible for banks holding more than 30 billion euros in assets. the deal should ensure european taxpayers no longer have to foot the bill when financial institutions find themselves in...
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Dec 10, 2012
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more bad news from germany's struggling automaker opel. the european division of general motors says it is shutting down its plant in the western german city of bochum. >> opel has been struggling to remain competitive. but it is a bitter pill for the workers to swallow. some 3000 jobs are at stake. >> the writing was on the wall. the 3000 workers at the plant in bochum did not hide their frustration as they emerged from the meeting called by management this morning. >> we expected as much. at least the news is out now. >> it really was high time mr. sedran put his cards on the table. for the last year-and-a-half, nobody has been straight with us. >> it is pretty disgraceful. >> opel chief executive thomas sedran got straight to the point when he explained the reasons for halting production. >> the reason behind this is a local decision is the dramatic fall in demand -- the reason behind this difficult decision is the dramatic fall in demand. >> currently, the plant manufactures opel's family model, zafira. from 2016 on, the plant will onl
more bad news from germany's struggling automaker opel. the european division of general motors says it is shutting down its plant in the western german city of bochum. >> opel has been struggling to remain competitive. but it is a bitter pill for the workers to swallow. some 3000 jobs are at stake. >> the writing was on the wall. the 3000 workers at the plant in bochum did not hide their frustration as they emerged from the meeting called by management this morning. >> we...
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to come cap in hand in the future and is well let's let's talk about what the public think of it in germany gather some sixty percent of germans would rather see greece kicked out of the euro zone rather than pour more cash into it even if it's even as it stands at the moment along and you think can't keep up her financial support or is this the edward well you know. the. the oregon national audience is and look of you know. for recent it's not exactly a problem or for this between countless interest through the. economic divide between the sides in the north but long as the new congress we're going to see that clearly or spending measures of new labor. experience of. course i think this is the problem of the l.m. are you just one of the hook up for show if you look or don't you leave this way there is a way to for the good people of the german people to find a common solution look forward to your role in this not. confrontation but that you'll find out exactly the mix of policies as a way out of the crisis that's the big picture back to the short term this visit to bar very air we're seein
to come cap in hand in the future and is well let's let's talk about what the public think of it in germany gather some sixty percent of germans would rather see greece kicked out of the euro zone rather than pour more cash into it even if it's even as it stands at the moment along and you think can't keep up her financial support or is this the edward well you know. the. the oregon national audience is and look of you know. for recent it's not exactly a problem or for this between countless...
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Dec 13, 2012
12/12
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looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been reached on a pan european banking supervisor. european finance ministers say they've drawn up plans to allow the ecb to directly supervisor the three largest banks in each country except for the uk and sweden which have both opted out. european leaders need to give their seal of approval and silvia wadhwa is in brussels with the latest. sylvia, it sounds like the meeting went into the late hours of the night. it sounds like the uk and sweden got their way. how significant is this agreement? >> the early hours of the morning. one may wonder whether tha
looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been...
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germany will be giving more financial aid towards greece we saw m.p.'s voting with four hundred seventy three saying yes to this a package one hundred saying no and eleven abstentions now what this does mean no and it's been talked about throughout the week is in next year alone it could cost germany over seven hundred million euros but we are seeing the politicians at least giving their support financial support towards greece but that support isn't being particularly backed up by some of the electorate here people on the streets of germany suggesting that perhaps greece should be left to its own devices. that is enough because we won't see this money ever again. right at some point it should be stopped it's high time they were capable of helping themselves we're ok for now but someday we could also get a program there's arlen specter north like no doubt to vice is all used to be an english we've already given at least so much more on the issues started already a lot going on on the show i was. in there's nothing more it is. well they were people speak
germany will be giving more financial aid towards greece we saw m.p.'s voting with four hundred seventy three saying yes to this a package one hundred saying no and eleven abstentions now what this does mean no and it's been talked about throughout the week is in next year alone it could cost germany over seven hundred million euros but we are seeing the politicians at least giving their support financial support towards greece but that support isn't being particularly backed up by some of the...